To list your vehicle, simply click on Post A Vehicle from any page on the
site. From there you will be led through a three-step listing process where we will
collect contact information, car information and details on your car lease. At the
end of the listing process, a fee corresponding to the listing package you selected
is collected by credit card. If you have any questions or difficulties during the
listing process, please Contact Us for assistance.

Before listing your auto lease, you will want to have or know the following:

1. Contact information you will use for communicating with LeaseTrader.com and Buyers
including name, address, phone numbers, and email.

2. Information about the vehicle Including year, make, model, style, features, current
mileage.

3. Details of the lease including leasing company, monthly payment, approximate
lease end date (your lease contract is a good source for these details).

Additional Tips:
Remember to think like a buyer when posting your vehicle, because buyers are only
interested in taking over a lease for a vehicle that fits their needs. Analyze your
current lease and emphasize the benefits of your deal. For example, if you have
a low monthly payment, low mileage or low months remaining on the lease deal, make
sure you highlight those points.

Communicate with the Buyer:
When a potential buyer contacts you, be sure to respond in a timely manner. There
are lots of great deals on LeaseTrader.com, and if you are slow to respond you run
the risk of a buyer finding a vehicle from a different seller. Once the buyer begins
the transfer process, follow the steps in a timely manner. Contact your lease transfer
specialist with any questions.

How
to find my listing

There are two ways for a Seller to view their vehicle listing. You can Sign-In with the username and password chosen when creating
your account. This will take you to an Account Management area. From there you can
select view listing to see your ad. You can also go directly to your ad by clicking
on
Vehicle Search and enter your LeaseTrader Vehicle ID into the appropriate
area on that page.

How to change information on my vehicle listing or account

You can edit your listing or update your contact information when you Sign-In with the username and password chosen when creating
your account. Once on My LeaseTrader go to Seller Central and click on the Edit
Vehicle tab. Simply change any details and press on the submit button at the bottom
of the page. The process follows the same steps you followed when you first entered
your information.

To update your contact information, go to the Profile section in My LeaseTrader
and make any changes required and click on save. Remember always to press on the
buton below so that the changes are saved.

How to add your own picture to your listing

Everyone knows that ads with actual photos are more likely to get a response. So
put the best pictures, add up to 9 photos to your listing, and watch the responses
pour in. Add Now!
Read these tips to learn how to post the best pictures possible.All photos are subject to rejection or removal.
Show photos of your car from different angles including the interior.
You're more likely to get responses by posting more than one photo.
Use a current picture.
Do not post old photos. If you don't have a recent photo, ask a friend with
a digital camera to shoot one.Choose a quality photo.
A close-up photo is much more interesting than a blurry or far-away image. Take
the time to find a clear, well-lit picture. If you have received an email that your
ad or photos have been rejected, please make sure you review our
Listing Agreement.Our most common reasons for rejecting ads are:

.Ad text contains personal contact information, a first and last name, email address,
or a link (URL)
.Ad text contains obscene, offensive, or adult-oriented language
.Ad solicits for a commercial service

If you need assistance determining why your ad was rejected, you can contact us. Please note that due to the high volume of submissions
it may take several days to receive a response to your inquiry. Our most common reasons
for rejecting photos are:
.Photo is blurry or otherwise unclear
.Photo contains obscene or adult-oriented material
.Photo contains personal contact information
.Photo is upside-down

How to extend my vehicle listing

Your listing package is automatically renewed. Whether it is every month or every
six months you need to let us know that you want your add cancelled before your
listing expires so that you don't get billed.

How to cancel a vehicle listing

Contac Us,
we can deactivate the listing for you. Please reference your vehicle id and name
when emailing.

How to contact a LeaseTrader Representative

Customer service is our main priority at LeaseTrader. You can contact us by phone
or email with questions, concerns and feedback. Please see the Contact Us page for a complete listing of phone numbers
and email addresses.

Effective Ad placing

The more accurate and complete your listing, the higher the likelihood that the
buyers contacting you will be serious about your vehicle.

Have your lease contract handy when listing it contains important dates and details
that will make the listing process easier.

Include the Lease-end Buyout or "Residual Value" in your listing. The cost of purchasing
the vehicle at lease end is an important consideration for buyers (if you are unsure
about the amount for lease-end buyout, your leasing company can provide this information)

Compare your lease deal with others on the site to make sure you are offering is
competitive.

Accuracy is very important. If you dont have all the information when you first
list, be sure to find and update your listing with the correct information.

Check for information on your Leasing Companys particular policies by clicking on
the Leasing Company Information. This link can also be found
on the left hand browse bar. Not all leasing companies support lease transfers,
while others allow a transfer but continue to hold the original lessee liable for
future payments. Familiarizing yourself with any restrictions, fees or policies
(such as geographic restrictions) can save you time by not pursuing a buyer who
cannot qualify for your lease. If you should have any questions, LeaseTrader would
be happy to answer them.

As always, if you have difficulties or questions at any time during the listing
process, please
Contact Us and we will be very happy to assist!

Keep Your Information Up to Date

Keep your listing current by using your Seller Central to update mileage and your lease information.

Make Your Auto Stand Out

Remember, your auto is one of several choices a prospective buyer may have for their
next vehicle, so you need to make your auto as attractive as possible. As far as
the overall condition of the car you need to:

Keep your auto in top running condition. Make all required service checks; take
care of any service needs.

Explore the many listing upgrades that can help your item stand out from the crowd.
Choose the options that are right for you. Check LeaseTrader's Marketing Tools to
see what you can do differently so that your ad creates interest and is seen as
much as possible. We have a programs that have been successful in getting
leases transferred !!! To take a look at these exciting marketing options Click Here.

Use the Comments Section Wisely

Be clear, complete, and descriptive. Your comments should
include anything that was not included in the questionaire you had to fill out when
posting your car lease. If the car has any special features this is the place where
you should let potential buyers know about them.Start with these tips:Use
descriptive keywords that clearly convey why you are selling. Include any special
features that make your car different from others and buyers will recognize.
Think as a buyer and include relevant terms and words.
Buyers don't care for words like "wow" or "look" so make intelligent use of your
space.

Contacting
buyers

You will be contacted by buyers in one of two ways:More Info Requests
Customers will use the LeaseTrader internal e-mail to contact sellers for early
stage questions about the vehicle. For example:
. Is this a non-smoking vehicle?
. Has the vehicle ever been in an accident?
We relay these questions to you so that you complete your information accuratelyRegistered Buyers
These buyers have registered with LeaseTrader. Some have submitted a credit application
so you'll be able to see their rating as take-over candidates.
Before releasing their information to sellers we call them to see if they are serious
about taking over your lease.Respond quickly to all inquiries
Immediate response to all questions greatly increases your chance for success.
Check your e-mail on a daily basis for messages from interested buyers.
Please be courteous in your response.

Showing
your vehicle

Once youve been contacted by a registered buyer, the following are tips to help
sell your vehicle and make the deal happen.

Vehicle Condition
Just as with any product a clean car inside and out will give a great first impression.
Your vehicle should be kept in Ready for Sale condition.

Lease Agreement and Service Records
Have copies of your lease agreement and service records available for buyer inspection.

This helps put the buyers mind at ease that the vehicle was well maintained and
the paperwork is in order.

Remember most dealerships and service centers can supply you youre your records
at no cost.

Long Distance Transactions
If your lessor allows transfers to other states, there are inspection and transportation
services to help bring longer-distance buyers and sellers together. Contact us for
more information if you need help in this area.

FAQ's for the Buyer

How to search for a vehicle at LeaseTrader

There are various ways to search for a vehicle at LeaseTrader:

1. Go to Search Listings and use either the simple or advanced search
options.1. Use the "Featured Listings" or "Hot Deals" module
in our Home Page.2. Use the "Search by Category" or "Search by Make" located
in the Research module.

How to Register

Simply click on the "First-time user" button on the Home Page and follow
the instructions. If you want to begin your registration now Click Here

How to get pre approved to assume a lease

If you are looking to assume a lease this is something you might want to consider
doing. When sellers look into the list of contacts we provide, they will be able
to see the rating you got. This could potentially increase your chances of getting
the car lease you applied for. To get pre-approval you simply Click Here to submit a credit application or log in, then
click on "Credit Application" on the navigation bar.

How to
use the wishlis

I you were unable to find exactly what you were looking for, make sure you use this
feature. The "Wishlist" is designed to automatically let you know when
the car or cars you are looking for are posted in our website. To begin using the
"Wishlist" Click Here or log in and click on "Wishlist" in
the navigation bar.

How to change or add alerts to wishlist?

If at any point in time you feel you need to change or add more cars to your wish
list you need to log in and then go to "Wishlist" in the navigation bar.

How to get my user id and or password information

From the
Sign-In area you can click on Forgot Password? to request your username and password.
Just enter the email address you have included in your LeaseTrader account, and
the username and password will be emailed to you. If you have any difficulty obtaining
the username and/or password, please Contact Us.

Contacting
Sellers

There are two methods to contact sellers. You can find these two conveniently placed
buttons at the bottom of each auto listing:

More Info Requests

You may use a LeaseTrader internal e-mail system to contact sellers early in your
search, to ask questions that are not answered by the information provided on the
listing or about information missing on the listing such as:
What is the current mileage on the car ?
What is the Residual value or buyout price of the car?

Registered Buyers

Once you are serious about pursuing an auto, register with LeaseTrader.
We suggest also that you submit a credit application so that the seller is able
to decide which potential buyer to choose to transfer the lease to as they will
see whether or not you are a good take-over candidate.
Note that your Buyer registration is good on multiple vehicles.
If your initial vehicle doesnt work out, you dont need to re-register with LeaseTrader,
simply contact another seller.

Evaluating
the deal

Youve found the auto that fits your needs now what?

Follow these easy steps and youll be on your way to a successful
experience: As a buyer, you will be assuming a lease contract.
First thing youll need to do is to contact the Seller to arrange a meeting in at
mutually convenient time and place to view the auto, the lease contract, and the
service records. You should allow 45 minutes to an hour for this meeting; make sure
when you call the Seller and ask that they bring the lease contract to the meeting.

The Lease Contract: All your rights and obligations
are specified in the Lease Contract, so its important that you read and verify your
understanding of the lease contract before finalizing a deal.

The Basic Terms of the Lease: Check the sellers contract
for the ending date (the date the lease agreement ends); the total miles allowed,
the cost per mile of additional miles beyond the standard allowance; the monthly
payment; the end-of-lease terms, including the buy-out value (buying your leased
auto at the end of the lease can be attractive), any end of lease disposition fees;
excess wear and tear provisions; security deposit requirements.

The Vehicle:As with any auto purchase, take a good look
at the condition of the vehicle. You will be responsible for the condition of the
vehicle at lease end. Unless youre mechanically inclined, we recommend you get the
car checked by a third party; contact LeaseTrader if youd like a recommendation
for an inspection service. Verify that the current mileage on the odometer meets
your expectations.

Additional Questions to Ask the Seller:If you havent
already, now is the time to discuss any other questions that may be important to
you, including confirming which person will pay the transfer fees, how you will
handle security deposit transfer, etc.

Once youre ready to move forward, and agreed with the Seller on a transfer, the
Seller will contact LeaseTrader to let us know of your deal.

LeaseTrader will contact you to verify that you do indeed want to proceed. After
you verify yes, LeaseTrader will submit your credit information to the financial
institution for their credit decision.

Remember, if you have any questions during the process, you can e-mail or call LeaseTrader;
were here to help you!

Lease Transfers FAQ

How the lease transfer process works

To Transfer or Assume a Car Lease with LeaseTrader is Easy and Simple

There are 6 major steps in the process:

Let's walk through each step in a little more detail to clarify the process.

Step 1: A Seller will list their vehicle in LeaseTrader.com
If you are looking to trade out of your car lease, you register with us and create your listing
in the LeaseTrader.com website. This is a quick process that involves providing
LeaseTrader with some important information about your vehicle and your car lease.
Please have a copy of your car lease handy before you input your listing.

Step 2: A Buyer will select a vehicle that they would like
Buyers search, find, review and select the vehicle
listings LeaseTrader actively markets our service in places where people looking
to buy or lease cars regularly go; including google, yahoo, msn and multiple others.
These potential lease buyers come to the LeaseTrader website looking for the vehicle
that best meets their needs.

Step 3: The Buyer will then need to verify that they are credit worthy Buyers search, find, review and select the vehicle
listings.
People looking to take over
car leases review the listings in the Marketplace and communicate with the
seller using the Contact Seller button found in each listing. Common questions include
"where exactly is the vehicle located?" and "will you split the car lease transfer
fee?” LeaseTrader screens these messages rather than direct communication between
the seller and buyers to prevent the seller from having to answer questions that
have nothing to do with taking over a car lease. Once all questions or concerns are answered,
the seller and buyer can now on moving forward with the transfer of the auto lease.

Step 4: The Buyer may then contact the seller directly
Seller and buyers communicate with each other.
Common questions include "where exactly is the vehicle located?" and "will you split
the car lease transfer fee? Once all questions or concerns are answered, the seller
and buyer are ready to move forward with the transfer.

Step 5: Once Buyer and Seller agree to transfer, the transfer documents are sent to both parties to sign and complete the transfer
Documentation Transfer:
Once approved by the Finance Company, LeaseTrader will have the transfer documents
sent to both parties to sign and complete the transfer. These are the official contractual
documents that finalize the transfer of the car lease. The documents normally first
go to the seller, who signs them and then forwards them to the buyer. The buyer
now signs and sends the documents back for processing. The completed transfer documents
will then be sent to the seller as well as to the buyer. The buyer needs to take
part of these documents to the local Department of Motor Vehicles to pick up license
plates and other registration items (these processes vary by state).

Step 6: Vehicle Transfer, once the documents are completed the
Seller may now transfer the vehicle to the Buyer and the deal is done! The buyer can now take possession of the car
and the deal is done!
If the buyer and seller are not located near each other, the vehicle can be transported
using one of LeaseTrader's shipping partners.

The deal is done!

How to find information on my leasing company

LeaseTrader has included the basic lease transfer policies for many leasing companies
within
Leasing Company Information on this site. If the company you are looking
for is not listed please Contact Us, and we'll be happy to get you more information.

How to handle long distance lease transfers

When a long distance separates the Buyer and Seller, normally arrangements to inspect
the vehicle and get it to the Buyer are worked out between the parties involved.
We have seen many different arrangements work, ranging from the Buyer or Seller
driving to meet each other, having the vehicle inspected by a dealer or mechanic
and having the vehicle transported by a shipping service. If you are interested
in getting your vehicle inspected or having it shipped, please contact us via phone
or email and we will set you up with the service. For more info, go to the services
page.

How to get the vehicle inspected by a third party

If you need to have the car inspected by a third party you can go into our Services section where you will find a company that we recommend.

Transferring FAQ

What to Expect During the Lease Transfer

Now that you have agreed to move forward with the registered buyer, the following
are some tips on what to expect.

LeaseTrader Support
Our dedicated and experienced staff are available by e-mail or phone to assist your
with expediting the transfer process. Let us know how we can help.

Each Leasing Company has their own policies regarding finalizing the lease transfer
process. Some will require your signatures Notarized; others may require you to
meet at an auto dealer or bank branch. LeaseTrader helps guide you through the process
to make it as easy as possible for you.

Handing
Over the Keys

Once Seller and Buyer have completed the Leasing Company requirements for the lease
transfer (i.e. signed the appropriate transfer documents, buyer has provided proof
of insurance, both parties have paid the appropriate fees, and any other specific
requirements of the leasing company), youre now ready to hand over the keys to the
new lessee.

Generally speaking, we recommend the Seller ensure all transfer documents are completed
and are properly forwarded to the leasing company. Its also prudent to confirm that
the leasing company received and processed the transfer two weeks after you forwarded
the documents.

As the Buyer, you should expect to begin receiving monthly lease payment statements.
If you dont receive your monthly statement by a week before the payment due date,
please call your new leasing company to ensure your statement is being processed
properly. Remember, it is your responsibility to make the lease payments.

License Plates

Typically the license plates on the vehicle are the property of the leasing company
and should remain on the vehicle. For the specifics of your states policies and
for cross-state transfers, please contact the local Department of Motor Vehicles
office or your leasing Company.

General FAQ

What
is LeaseTrader.com

LeaseTrader.com is the first full-service online auto lease
transfer marketplace of vehicle leases. We match individuals who are currently leasing
vehicles and wish to get out, with individuals who are looking for short-term leases
with attractive payments and no money down.

How does the LeaseTrader process work

LeaseTrader allows Lease Sellers to offer their leases for assumption online where
potential Lease Buyers can view them and make contact with them. Please visit How it Works
for a detail step-by-step process.

How long does the lease transfer process generally take

Some leasing companies can complete the process in as little as one day while others
may take several business days. How long it takes depends on a few things. First
is the credit application approval process, which generally takes 24 to 72 hours.
The second factor entails the creation and processing of the required lease transfer
documents, which generally takes 3 to 5 business days. Lastly mail and paperwork
turnaround times must also be taken into consideration. Typically, it takes between
7 to 14 business days to complete the entire process. If youd like information on
the typical time frame for a specific leasing company, please Contact Us and we will be happy to share our experiences
with you.

By being both a Buyer and a Seller with LeaseTrader, you
can take full advantage of what we offer. You can monitor all of your account activity
in one place, using a single username and password. A good place to start is in
MyLeaseTrader, and then go to either Seller Central, Buyer Central or Profile,
to view, edit and manage your accounts.

How does LeaseTrader protect customer information

LeaseTrader protects customer information by using state
of the art 128-bit Secure Socket Layer(SSL) encryption supplied by Verisign.

How often are the listings updated

The listings are updated in real time at LeaseTrader. When
Sellers list their vehicles, they appear immediately on the website. When Sellers
make any changes or add missing information to their listing it appears as soon
as they save the information in our website.

Are the leases on the web site Open or Closed End Leases

Most leases, if not all of the vehicles listed on LeaseTrader.com
are closed-end leases.

Are Any of the vehicles Listed on LeaseTrader offered by Dealers

Most of the vehicles listed in LeaseTrader.com are being
offered by the original lease holders looking to get out of their car lease.

Do Leasing Companies allow lease transfers

Most leasing companies allow car lease transfers, however
very few do not, and some have specific restrictions. Call a LeaseTrader Transfer
Specialist or your Leasing Company to find out their policies regarding car lease
transfers or lease assumptions.Nearly all leasing companies allow car lease transfers;
however none of them actively promote or advertise this service. Time and costs
associated with the car lease transfer to the Leasing Companies is one of the reasons
why.Please remember that Lease Transfer or Lease Assumption is NOT a sublease since a
sublease is NOT allowed by leasing companies and is in fact illegal in many states.
LeaseTrader does not advocate subleasing in any way whatsoever, and the LeaseTrader
Marketplace is not to be used for the advertising or seeking of subleases.
LeaseTraders Lease Transfer is a true transfer of equity, done by the leasing company,
with full contractual coverage by all of the parties involved.

What if I am in a different state

A great number of transfers are between people in different
states. We work with a national transportation company that delivers the vehicle
to your location. You can negotiate with the owner as to who pays any costs involved.
For more info on this, visit our
Services section.

Can I use LeaseTrader in Canada

We are pleased to inform that we are now accepting Canadian listings. We have received
a lot of interest from Canadian lessees and lease buyers.

When I search in the LeaseTrader website and I like a car what do I do

Click where it says "Make an Offer" if you would like to
make an offer on the lease or if you simply like to assume the lease Click where
it says "Contact Seller" Log in if you are a registered user or create a new account.
Complete the credit application if you would like to get pre-approved. You will
be contacted within 24 hours with the results.

What are the costs in taking over a car lease

Initial Credit Application Fee: The cost to join our
buyer programs varies from 39.95.95 to $129.95. The buyer programs include 1 credit
verification and up to a 180 days of membership. The buyer program provides you
with information and lots of tools to expedite, enhance and facilitate your lease
transfer experience. LeaseTrader is available to assist you with the entire lease
transfer process, In addition to the membership, a $249.95 Non-Refundable transfer initiation fee ( * $149.95
after rebate) for services already rendered is due once the buyer and seller agree to initiate the 2 to 3 week long (on average) lease transfer process.

*Transfer Rebate: $100.00
LeaseTrader offers the buyer an instant Transfer Rebate of $100.00 (One Hundred Dollar) to be applied automatically once the payment of the transfer initiation fee is made at the initiation of the lease transfer process.
Note: Failure to pay the transfer initiation fee at the initiation of the lease transfer process will result in forfeiting any and all discounts and rebates offered by LeaseTrader.
Leasing fees: Most financial Institutions charge a fee to process the car lease transfer paperwork. This fee varies from $0-$650
and is payable directly to the Finance Institution (e.g. Mercedes Benz Credit).
You can negotiate with the person transferring the lease as to who pays any fees
involved.Other: If you are in a different state, there may be transportation and optional
third party inspection costs. You can negotiate with the person transferring the
car lease as to who pays these fees. For more info on this, visit our Services section.

Do I have to give a down payment

No. That's one of the advantages of taking-over a car lease.
You simply continue to pay the monthly car lease payments until the lease term ends.

Once
Once I start the transfer process can I back out

Yes, up until the final transfer documentation is signed
you can back out at any time. Note that any fees collected by LeaseTrader are non-refundable
if you decide to stop a transfer once the transfer process has begun.

Who pays for the transfer costs

You can negotiate with the person transferring the lease
as to who pays any costs involved.

Where do I return the vehicle

In most cases you can return the vehicle once the lease is
up at a dealership in YOUR area. This is the case even if you take-over a lease
from a different state.

After the lease is over can I buy the vehicle

Yes, most leases have a purchase option. The amount to be
paid will be specified in the contract (residual value or lease end buyout). If
this info is not displayed in the listing, you may send an e-mail to
customersupport@leasetrader.com. You must include the listing number in
your correspondence.

Can I
extend this lease

Most Leasing Companies will let you extend the lease term.
However, it all depends on the original lease agreement and what the Leasing Company
decides to do. For more details please contact the Leasing Company.

What do I do if I forget my user ID and or password information?

From the Sign-In area you can click on Forgot Password? to request your username
and password. Just enter the email address you have included in your LeaseTrader
account, and the username and password will be emailed to you. If you have any difficulty
obtaining the username and/or password, please Contact Us.

1. Click "Tools" on the main menu of your Internet Explorer window

2. Click on "Internet Options..." to open the corresponding dialog

3. Click on the "Security" tab. Here you will find all the information
on your browser's security level

4. Click on "Default Level". This will set the default security settings
on your browser

As you can see, your security level is now set to "Medium", which is the
appropriate for most Internet sites (you can see all settings below the "Medium"
title).

5. Click on "Apply"

6. Click on "OK"

7. Click the "Refresh" icon on the Internet Explorer toolbar.

You are now ready to use our site!

Select your Email Provider, in order to give you specific instructions:

AOL

AOL software:
1. Go to AOL® Keyword: Spam Folder.
2. Select the e-mail you want to retrieve, then click the This is Not Spam button.

AOL Mail on the Web:
1. Go to http://webmail.aol.com.
2. Enter your screen name and password, then click the Sign On button.
3. Click the Spam link.
4. Click the box next to the e-mail you wish to retrieve to place a check mark in
it.
5. Click the This is Not Spam button.

Gmail

1. Go to your Spam mailbox.
2. Tick the box next to the sender's name.
3. Click "Not Spam" at the top of your Spam mailbox.

MSN Hotmail

1. Go to your Junk E-mail folder.
2. Open the message you want to retrieve.
3. Click the "Not Junk E-mail" button at the top of your mailbox.

Yahoo

1. Go to your Bulk Folder.
2. Open the message you want to retrieve.
3. Click the "Not Spam" button.

Why take
over a lease

Save thousands of dollars - You simply take-over someone
else's monthly car lease payments
for the time remaining on the lease. No down payments required. E.g. Someone gave
a $3500 down payment on a BMW lease
to lower the car lease payments
to $349 per month. When you take-over the lease, you simply continue paying the
$349 until the end of the lease. You do not have to pay the $3500 down payment.
More car more often - Taking
over a lease gives you flexibility to lease a vehicle for a short amount
of time . Even for a year if you like without the long term commitment.

What does regular leasing involve

A longer term commitment. Usually 36, 48, or 60 months
(5 years).Down payment. In many vehicles there is usually a down payment involved which
you do not get back when the car
lease is over.Negotiating with a dealer. You have to negotiate the purchase price of the
vehicle, the term of the lease, the excess mileage charge, and the interest rate
included in the lease payment. This is something that a lot of us try to stay away
from.
In both auto leasing and
taking-over a car lease,
the lease can generally be extended and you have to make sure not to exceed the
mileage allowance on the car lease and not exceed normal wear and tear on the vehicle.

Is it possible to terminate a lease prior to the full term of the contract

Yes, it is possible to terminate most car leases prior to
the scheduled end date, however there are normally significant financial implications
to the lessee when doing so. Each leasing company has their own policies, but most
will charge some form of early termination penalty. It is not unusual for these
charges to be in excess of several thousand dollars. This makes transferring a car
lease through LeaseTrader such a valuable service.

How does assuming or transferring a lease work

The car lease transfer process is almost the same for most
leasing companies.
The individual wishing to take over the lease submits a credit application
to the leasing company. The leasing company will make a decision on the credit worthiness
of the applicant. If approved, lease transfer documents are prepared and signed
by the original and assuming lessees. The transfer is complete when the signed documents
are returned to the leasing company and processed. There are variations in the fees
and details for each leasing company. The LeaseTrader Team is on board to assist
with these variations and details as you navigate through the car lease transfer
process.

What are my chances on transferring my lease

Although we cannot give any guarantees, we have a constantly
updated waiting list of individuals looking to take-over leases. We tend to receive
various applications per vehicle. People nationwide search our listings and constantly
fill out Wish Lists. LeaseTrader's patent pending system automatically notifies
all the people who requested your vehicle the second you put it online.

How can I find information on my leasing company

LeaseTrader has included the basic lease transfer policies
for many leasing companies within Leasing Company Information on this site. If the company
you are looking for is not listed please Contact Us, and we'll be happy to get you more information.

What role does my Finance Company play

Independent of our pre-screening process, all of the lease
transfers require the approval of the Finance Company involved in each particular
lease (e.g. Wells Fargo Finance). Most Finance Companies charge separate fees in
connection with transferring a car lease. The individual taking over your car lease
typically pays these fees. These fees range from $0- $650.00. To this end,
since we usually receive various applications per listing, we require candidates
to undergo a pre-screening process to determine who is the most suitable to take-over
candidate for your lease. These candidates may undergo a credit check and pay a
$24.95 to LeaseTrader.

What happens to the security deposit when a lease is transferred

Each leasing company has their own policy for how to handle
security deposits during a lease assumption. Most transfer the security deposit
to the assuming lessee, while others return the deposit to the original lessee and
require a new deposit from the assuming lessee. Some of them did not require a security
deposit to begin with. Information on how leasing companies handle security deposits
is included within Lease Company Information.

At lease end who is responsible for potential charges

The individual assuming the lease, will be responsible for
the lease-end terms as stated in the original lease contract. Lease-end charges
may include disposition fees, excess mileage fees and excess wear & tear assessments.
All potential lease-end charges will be outlined in the original lease document.
The Lease Buyer would be responsible for any termination charges, or disposition
fees at lease end.

Are buyers and sellers free to negotiate any of their own terms concerning lease
transfers

Normally the terms of the lease, including monthly payment
amount, mileage allowed and lease-end date remain fixed and are controlled by the
leasing company. However, the Buyer and Seller of a lease are free to negotiate
the details of the car lease transfer, as long as they do not interfere with the
rules set forth by the lease agreement or are in violation of any laws. A common
example of a negotiable item is who will pay the leasing company's transfer fees,
transportation fees, inspection fees etc. These agreements are made between the
individual Buyer and Seller, therefore LeaseTrader does not have any control over
the items being negotiated and assumes no responsibility for such agreements.

How long does the lease transfer process take

It generally takes about three weeks to get all the documentation
processed. LeaseTrader offers a service to expedite the lease transfer process.
Contact our Lease Trader Transfer team to find out more about this service, at 1-800-770-0207
Mon-Fri 9 AM to 6:30 Pm EST.

When is the lease transfer final

The lease transfer process is final when the leasing company
receives all required lease transfer documents and fees for the transaction. LeaseTrader
will advise you on how to complete the necessary documents and when to submit the
fees in each situation. LeaseTrader will be happy to share our transferring experience
with the procedures of all major leasing company's , please Contact Us with any questions or concerns you may have.

Is it possible to transfer a lease to an individual who resides in a different state

A great number of transfers are between people in different
States. Some restrictions on lease transfers are set by the particular leasing company
involved.
Restrictions for each leasing company may be included in Lease Company Information.
You can negotiate with the person taking over the lease as to who pays any costs
involved in transporting the vehicle to another state. Check out our Services section for more details.

Can the vehicle be inspected if buyer and seller are in different states

Arrangements to inspect the vehicle and get the report to
the Buyer are worked out between the two parties involved. The vehicle may be inspected
by a dealer or mechanic. If you are interested in getting your vehicle inspected
by a third party please contact us via phone or email and we will set you up with
an inspection service provider that we recommend. For more info, go to the Services section of our website.

Where is the vehicle returned at lease end

Each leasing company has their own return policies. Some
allow you to return the vehicle to the local authorized dealer, others have their
own policies.

How do sellers benefit using Lease Trader

Car Lease Sellers can save money by having someone assume
their car lease, instead of the other early lease termination alternatives which
are a lot more expensive.

Am I still held liable once the lease has been transferred

Whether or not the original lessee is liable once the lease
is transferred depends on the leasing company involved. Some leasing companies completely
remove the first individual from the account and some choose to leave the original
lessee's name in the lease contract as a guarantor. When the original leaseholder
is removed, the lease transfer is typically referred to as a "lease assumption".
You may find details on the liability policy for many leasing companies within
Lease Company Information. If you dont find information for your leasing
company, or would like more specific details, you should contact your leasing company.

What are the fees involved in a lease transfer

There are two kinds fees involved in transferring a car lease with LeaseTrader.
The fees charged by LeaseTrader to list and transfer vehicles and facilitate the
auto lease transfer process,
and those fees required by the car leasing company who holds the vehicle lease.
Leasing company fees can include both credit application and lease transfer fees.
Each leasing company has their own fee structure, and they vary broadly from one
company to the next. If youd like to find the fees for a specific leasing company,go
to Leasing Company Information in our site. If the company
you are looking for is not listed, please Contact Us.
As with any change of vehicle ownership, there may be vehicle licensing or registration
fees required by your state. Policies and fees vary by state. The leasing company
which holds the car lease
can advise you on how to manage these details, since technically they own the vehicle.
Some states may require payment of taxes, in addition to the use tax normally included
in monthly lease payments. These are a matter of policy in each state. If you are
unsure about your states policies, you can check with the agency that handles taxes
for your state, or ask a local auto tag agency who should be able to advise you
on how taxes are handled in vehicle assumptions or car lease transactions.

- Purchase the vehicle
- Sell the vehicle
- Trade the vehicle into a dealer, in which case the dealer pays off the lease.
- Arrange for an assumption (with Leasing Company approval) through LeaseTrader.com
All of these options are available to you. What you are doing is satisfying the
payoff balance (Residual Value + remaining lease payments) at the time of your decision,
which may be more than the value of the vehicle.

What are my responsibilities at the end of the lease

- Sell the vehicle
- Trade the vehicle into a dealer, in which case the dealer buys the vehicle or
returns it back to the leasing company.
- Extend the lease by calling your leasing company.
- Turn your vehicle into the dealer.
If you choose to return your car to the finance company you may be responsible for
excess wear and tear as well as the excess on the mileage allowed by you lease agreement.

What are my responsibilities for vehicle maintenance

You are responsible for all maintenance and you should follow
the recommended maintenance schedule as outlined by the manufacturer.

What are my responsibilities for vehicle insurance?

You are required to have insurance on your leased vehicle
throughout the lease term. Refer to your lease contract for details on the exact
coverage required.

Am I responsible for personal property tax on my leased vehicle

Only in those states that assess personal property tax on
leased vehicles, such as Texas, Missouri, North Carolina, Virginia, West Virginia,
etc. For information about your state's policy please check your state's website.

Who is responsible for moving violations

By law, you are responsible for all parking/ moving violations.

What happens when I drive more miles than is stated in my Lease Agreement

If you purchase, sell, or trade your vehicle to a dealer
or refinance the lease no mileage charge will be assessed. If , however, you elect
to turn your vehicle in at lease end, and you have exceeded the allowable mileage
stated in your contract, you may incur excess mileage charges. Refer to the section
of your contract titled "Standards for Wear and Tear". This section will help you
calculate excess mileage charges.

How
do I get license plates

In most cases, when you take delivery of your vehicle, the
dealer will handle the necessary steps in supplying you with your first set of license
plates. In subsequent years you will be notified by the Bureau of Motor Vehicles
for renewal procedures.

Who
pays for license plates

You are responsible for the cost of license and registration
fees throughout the lease term. You will receive a bill annually from the Bureau
of Motor Vehicles for this cost. In the event that someone assumes your lease then
they will be responsible for these costs.

Can I take my leased vehicle out of the continental United States

No, most lenders umbrella insurance will not allow you to
take your leased vehicle outside the continental U.S.

What happens if tax rates change

If the tax rate change affects your lease payment, you will
be notified of the new rate. Your monthly payment will then be changed to reflect
any increase or decrease resulting from the tax change.

What happens if I move out of state

You should contact your leasing company at least 30 days
prior to your move so they may take the necessary steps in assuring that your vehicle
is registered properly. In addition, some states require additional fees and taxes
to be paid when registering in that state.

What happens if I my vehicle is wrecked but not declared
a total loss

You need to have your vehicle repaired.

If I decide to return my vehicle at the end of my lease, who do I contact

You need to contact your leasing company and inform them
where you are planning to return your car lease.

What do I do if I haven't received a payment booklet

If you have not received your payment booklet before your
next payment due date, please call your leasing company. Even though you may not
have your payment book, you are still required to make your payments on time.

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